Koch Industries Sold Millions of Dollars of Petrochemical Equipment to Iran

A six-month investigation by Bloomberg Markets magazine into Koch Industries, one of the world's largest privately held companies, has revealed the highly secretive conglomerate paid bribes to improperly win contracts around the world, and sold millions of dollars worth of petrochemical equipment to Iran. The U.S. government classifies Iran as a sponsor of global terrorism. Koch Industries, which is best known for consumer brands like Lycra, Dixie cups, and Brawny paper towels, is controlled by Charles and David Koch, the billionaire brothers known for financing elements of the Tea Party movement, as well as other libertarian, anti-government causes.

David Evans and Asjylyn Loder, the authors of the Bloomberg article, give the details of the story.